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After one year of employment, Hasan has joined his company s pension plan. He estimates he will retire in 3 5 years, and will be

After one year of employment, Hasan has joined his companys pension plan. He estimates he will retire in 35 years, and will be retired for a total of 25 years. During his retirement, he will need $50,000 at the beginning of each year. At a discount rate of 4%, compounded quarterly, what should be his savings goal?

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